Duplex Residential Income
118 W 11th Street N Newton, IA 50208
For Sale
$170,900
MULTI_FAMILY - Other - Newton, IA
Property Size1,568 SF
Lot Size0.20 Acres
Price / SF$108.99
Days on Market49
Property Features for 118 W 11th Street N
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
R
Bedrooms
4
Bathrooms
2
Rooms
Bedroom 4, Bathroom 2, Bedroom 3, Bedroom 2, Bedroom 1, Bathroom 1
Appliances
Dryer, Refrigerator, Stove, Washer
Standard status
Active
APN
0833207001
Size
1,568 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Description
EXLINE'S ADD LOT 3 & N 9' 3" OF LOT 4 BLK 4
Tax Annual Amount
3097
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
2001
Building materials
WoodSiding
Roof type
Asphalt, Shingle
Architectural style
Other
Listing Agency:
Realty ONE Group Impact
(515) 446-7524
Listed By:
Corrie Davis
(515) 314-9843
Added: Jun 12
Changed: Jul 11
Last Checked: Jul 30 at 8:06AM
MLS# 742845
Copyright © 2026 Des Moines Area Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This duplex is part of a multi-property sale and provides two separate rental units. Each unit features two bedrooms and one bath. The units include appliances and have their own storage shed, giving residents straightforward in-unit and outdoor storage options. The property is listed under residential zoning (R), and it is currently leased.
The duplex is being sold additionally to the single-family home next door, creating a combined package of rented properties. According to the available information, all three properties in the package are occupied by tenants who would like to remain. The combined configuration may appeal to buyers seeking to add existing, income-producing residential units in one transaction.
For investors or owners looking to grow a rental portfolio, the key advantage here is operational continuity: the duplex units are already rented, and the tenant base is described as willing to stay. The consistent unit layout across the duplex can also simplify leasing and maintenance considerations. With appliances and dedicated storage sheds already included, the property presents a more turn-key setup for prospective operators, while the bundled sale with the adjacent single-family home broadens the residential income mix.
The duplex is being sold additionally to the single-family home next door, creating a combined package of rented properties. According to the available information, all three properties in the package are occupied by tenants who would like to remain. The combined configuration may appeal to buyers seeking to add existing, income-producing residential units in one transaction.
For investors or owners looking to grow a rental portfolio, the key advantage here is operational continuity: the duplex units are already rented, and the tenant base is described as willing to stay. The consistent unit layout across the duplex can also simplify leasing and maintenance considerations. With appliances and dedicated storage sheds already included, the property presents a more turn-key setup for prospective operators, while the bundled sale with the adjacent single-family home broadens the residential income mix.
Key Highlights
- Duplex built in 2001 with wood siding and asphalt shingle roof
- Each unit has 2 bedrooms and 1 bathroom
- Units include appliances: refrigerator, stove, washer, and dryer
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $16.0k | $10.20 |
| − Vacancy | −$1.3k | −$0.84 |
| EGI | $14.7k | $9.36 |
| − OpEx | −$4.4k | −$2.81 |
| NOI | $10.3k | $6.55 |
1,568 SF · lease $10.20/SF/yr · vacancy 8.26% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$146.7K
$128.4K – $171.2K
NOI $10,271 @ 7.0% cap · market cap 6.01%
Second Best
Apartment 5plus
$135.0K
$118.1K – $157.5K
NOI $9,448 @ 7.0% cap · market cap 5.53%
Theoretical Best
Flex RnD
$1.51M
$1.32M – $1.76M
NOI $105,658 @ 7.0% cap · market cap 61.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Rented 2-bedroom, 1-bath units with appliances and storage sheds, sold together with an adjacent single-family home.
Where is this duplex located?
The property is located at 118 W 11th Street N Newton, IA.
What is the asking price?
The asking price for this property is $170,900.
What are key features of this property?
This property features: Duplex built in 2001 with wood siding and asphalt shingle roof; Each unit has 2 bedrooms and 1 bathroom; Units include appliances: refrigerator, stove, washer, and dryer
